Question: Write a short response to the following assertions: a. Forecasts are always wrong, so why place any emphasis on demand planning? b. A good forecasting

Write a short response to the following assertions:

a. Forecasts are always wrong, so why place any emphasis on demand planning?

b. A good forecasting process is too expensive.

c. All we need to do is hire a "quantitative type" to do our forecasting.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Forecasting Predictive Analytics Questions!

Q:

Write a short response to each of the following assertions: a. Forecasts are always wrong, so why place any emphasis on demand planning? b. A good forecasting process is too expensive. c. All we need...

Q:

I need a quotation for a solution for attachment Assignment 2 brief using the topics around the financial plan based on the other two attached documents. A New Era for FP&A Submitted by Editor on...

Q:

Good Morning PAtutor, Kindly find attach a copy of the questions that I spoke to you about. I also attach a copy of notes there. Look forward to heading from you. Broken Budgets? The traditional...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Please provide summary of the above text (More than 3000 words) **There should be no plagiarism. If you provide wrong solution then i will dislike and report you abusive and spam. Don't waste my...

Q:

Chapter 05 - Planning for and Recruiting Human Resources Chapter Five: Planning for and Recruiting Human Resources Human Resource Management 3rd edition by R.A. Noe, J.R. Hollenbeck, B. Gerhart, and...

Q:

What criteria should a company consider for its capital allocation policy? What kinds of companies are most likely to generate internal capital (i.e., retained earnings and leverage) and why don't...

Q:

Fundamentals of Project Management Fourth Edition by Reza Torkzadeh FUNDAMENTALS OF PROJECT MANAGEMENT Reza Torkzadeh Copyright 2012-2013 by Reza Torkzadeh. All rights reserved. No part of this...

Q:

Which shows the correct heterolytic methyl bromide fragmentation? Select one: a. b. C. d. H3C-Br H3C-Br H3C-Br H3C-Br Respectively, sp, sp and sp hybridized carbon atoms prefer angles of C. Select...

Q:

Write a paper in which you compare and contrast the lives of Jesus and Mohammed in relation to each respective religion. Complete the following steps in your paper: Trace the lives of Jesus and...

Q:

Look at this diagram. Explain why AB and CD cannot be parallel lines. X-50% S 130 40 T 140 Y D B

Q:

Phoenix Plastic Inc. has accumulated the following data over a six-month period: Separate the machine-related costs into their fixed and variable components, using the high-lowmethod. Machine Hours...